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schema: 1
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lang: en
canonical: https://funding-radar.com/en/exchanges
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# The radar's exchanges

The radar listens to 2,700+ pairs on five exchanges. Sniping needs an account where it burns; hedged pairs need at least two. Accounts are free — opening ahead is cheaper than watching an event pass you by.

## Binance

- Maximum liquidity — minimal slippage on snipe entry/exit
- Rate cap — 2% per settlement: in our data the rate genuinely hits it.
- https://funding-radar.com/en/e/binance

## Bybit

- The most extremes in the radar; clear interface, low entry barrier
- Rate cap — 2.5% per settlement, the highest of the radar's five exchanges: peak cross-exchange spread is often set by Bybit.
- https://funding-radar.com/en/e/bybit

## OKX

- Often lags Bybit/Bitget on the rate — the second leg of hedged pairs
- Rate cap — 1% per settlement, the lowest of the five: during run-ups OKX “lags” its neighbours — which is why it's a frequent second leg of hedged pairs.
- https://funding-radar.com/en/e/okx

## Bitget

- Lots of small coins with wild rates; a frequent source of radar events
- Rate cap — 2% per settlement: in our data the rate genuinely hits it.
- https://funding-radar.com/en/e/bitget

## Hyperliquid

- On-chain, no KYC; hourly funding — 8 settlements where others have one
- Settlement every hour: eight cutoffs where others have one — a smaller rate per settlement, but more often.
- https://funding-radar.com/en/e/hyperliquid


## FAQ

- **Which exchange has the highest funding rate?** — There is no permanent answer: the extreme moves between venues over the course of a day. What differs consistently is the CAPS — Bybit allows 2.5% per settlement, the highest of the five, OKX 1%, the lowest. That is why the peak spread is usually set by Bybit while OKX ends up as the second leg of a pair trade. What is burning right now is on the home page and in each exchange's catalogue.
- **How do settlement intervals differ?** — The baseline is 8 hours, but exchanges move heated pairs to 4 hours, 2 hours, even one. Hyperliquid always charges hourly: eight settlements where the others have one. That is why raw percentages are not comparable across exchanges — only the rate normalized to an hour is.
- **How many exchanges do you need for a pair trade?** — At least two: a pair trade captures the difference between rates, not the rate itself. Accounts are free, and opening them in advance is cheaper than watching a divergence pass you by. Live pairs with fee break-even are on the pairs page.
- **Why these five exchanges?** — The four largest centralized venues by perps plus Hyperliquid as a DEX with hourly funding — most trackers do not cover it at all. All data comes from the exchanges' public APIs; no keys or registration involved.

Live page: https://funding-radar.com/en/exchanges
Methodology & data verification: https://funding-radar.com/en/methodology